Internet equipment maker Cisco Systems has reported a rise in sales, cheering investors fearful that a slowing US economy would take its toll.
Sales rose 10.4% to $9.8bn (£5bn) in the three months ended 26 April from a year earlier, beating forecasts and sending Cisco's shares higher.
But Cisco said net profit fell 5.4% to $1.8bn due to acquisition expenses.
Cisco's earnings are regarded as an indicator of how the technology sector is faring globally.
Sales rose 10.4% to $9.8bn (£5bn) in the three months ended 26 April from a year earlier, beating forecasts and sending Cisco's shares higher.
But Cisco said net profit fell 5.4% to $1.8bn due to acquisition expenses.
Cisco's earnings are regarded as an indicator of how the technology sector is faring globally.
